How to Register Newly-Bought Property in the Philippines

Every tract of land or property acquired should be registered with the land registry office. Otherwise, problems with regard to land ownership and penalties might occur. A person who lawfully owns a real estate property is the ‘better’ owner than the one who abandons and neglects the land. To simply put, it is possible for someone to take a land or property that has already belonged to others when a piece of territory is not registered publicly. Find out the following steps on how to register a newly-bought property in the Philippines.

Step 1: Prepare the Deed of Sale
The deed of sale is the legal evidence of the purchase of the land or property.

Requirements:
A buyer should also secure some of the sellers pertinent documents such as recent CTC, a copy of TIN and valid IDs.

Requirements:
>Tax Identification number (seller and buyer)
>Notarized deed of absolute sale
>CTC of the most recent tax declaration
>certificate of title (original and photocopy)
>certificate of ‘with improvement’